Vonovia (OTCMKTS:VONOY) Shares Gap Down - Time to Sell?

Key Points

• Vonovia's stock gapped down — it opened at $12.84 after closing at $13.47 and last traded around $13.4160, down about 0.6% with roughly 13,123 shares changing hands.
• Shares are trading below key moving averages — the company has a market cap of ~$22.72B and a low P/E of 4.96, while the stock sits under its 50-day ($14.33) and 200-day ($14.69) moving averages.
• Company profile — Vonovia is one of Germany’s largest residential landlords, focused on long-term leasing, property management, and modernization/energy-efficiency upgrades of its apartment portfolio.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $13.47, but opened at $12.84. Vonovia shares last traded at $13.4160, with a volume of 13,123 shares traded.

Vonovia Stock Down 0.6%

The stock has a market capitalization of $22.72 billion, a price-to-earnings ratio of 4.96 and a beta of 1.31. The company's 50-day moving average is $14.33 and its 200-day moving average is $14.69.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.

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